United States contract management
software market is expected to grow at a formidable CAGR of around 10% during
the forecast period. Increasing investments by the major key players in the
country is driving the United States contract management software market.
Additionally, increasing demand for efficient contract management services to
manage the increasing number of contracts in a cost-effective way is further anticipated
to propel the market through 2027.
The United
States contract management software market is segmented based on component, deployment mode,
business function, offering, organization size, end user industry, company and
region. Based on organization size, the market can be divided into SMEs and
large enterprises. The SMEs segment is expected to witness significant growth
during forecast period because the contract management software in these
organizations can help in better risk mitigation, reduced administrative
overhead, reduced cost of compliance, favorable business outcome, among others.
Based on end user industry, the market can be fragmented into healthcare, BFSI,
IT & telecom and others. The healthcare segment dominates the United States
contract management software market since the use of this software in hospitals
streamlines their workflow by saving time and mitigating the risk of missing
any important steps. Additionally, the effective management of critical
contract documents and patient information and records with less manual labor
further helps in reducing healthcare costs.
Major players operating in the United
States contract management software market include Aaveneir, Agiloft,
Apptus, CLM Matrix, CobbleStone Software, Conga, Concord, ContractWorks, IBM, Determine
and others.
Objective
of the Study:
- To analyze and forecast the market size of United States
contract management software market.
- To classify and forecast United States contract
management software market based on component, deployment mode, business
function, offering, organization size, end user industry, company and regional
distribution.
- To identify drivers and challenges for United States contract
management software market.
- To examine competitive developments such as expansions,
new product launches, mergers & acquisitions, etc., in United States contract
management software market.
- To identify and analyze the profile of leading players
operating in United States contract management software market.
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TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of service providers across the region.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the service providers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the service providers,
distribution channels and presence of all major players across the region.
TechSci Research calculated the market
size of United States contract management software market using a bottom-up
approach, wherein data for various end-user segments was recorded and forecast
for the future years. TechSci Research sourced these values from the industry
experts and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key
Target Audience:
- Contract management software service providers, vendors
and other stakeholders
- Government bodies such as regulating authorities and
policy makers
- Organizations, forums and alliances related to contract
management software
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers, partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Component
·
Deployment Model
·
Business Function
·
Offering
·
Organization Size
·
Industry Vertical
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Regional scope
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Northeast Region, South Region, West Region, Mid-west Region
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Key companies profiled
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Aaveneir, Agiloft, Apptus, CLM Matrix, CobbleStone Software,
Conga, Concord, ContractWorks, IBM, Determine.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, United States contract
management software market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
- Market, By Component:
- Software (Contract Lifecycle Management, Contract
Repository/Document Management)
- Services (Support & Maintenance, Implementation and
Integration, Training & Education)
- Market, By Deployment Model:
o Cloud
o On-Premises
- Market, By Business Function:
o Legal
o Sales
o Procurement
o Finance
o Others
o License
o Maintenance
o Subscriptions
o Services
- Market, By Organization Size:
o Small & Medium-Sized
Enterprises
o Large Enterprises
- Market, By Industry Vertical:
o Healthcare
o BFSI
o IT & Telecom
o Others
- Market, By Region:
- North-East
- Mid-West
- West
- South
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States contract management
software market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]